Member Info for smithfields

Forget about the Morocco/Nigeria Gas pipe line...it'll take at least 25 years to complete.

https://www.bnnbloomberg.ca/nigeria-morocco-pipeline-inches-toward-providing-gas-to-europe-1.1819241

Fernan10... I would suggest it to be advantageous to allow the potential farmee to decide if they want retain the Sidi Moktar permit..

"As a result, the Company announces that it has initiated a formal farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits and has appointed Gneiss Energy Limited, a leading energy corporate finance advisory firm, to manage the farm-out process."

rns regarding latest 'Local Taxation Committee ' confirmation..

Graham Lyon, Sound Energy's Executive Chairman, commented on July 13th rns....

With reference to the 'Local Taxation Committee's decision' on the 13 July....GL stated..
." We will both appeal to the Moroccan higher courts and reflect on the ruling with the various Moroccan ministries given its impact for new entrants into Morocco. "

To be honest....even if he loses, he'll have to go for this appeal, there's too much money involved....if only to ask for time to pay.

I doubt Morocco will be too worried....they have a Plan B. (that SOU will help to finance...via their tax obligation)

https://olorisupergal.com/nnpc-set-to-sign-gas-pipeline-deal-with-morocco-and-senegal/

At the end of the day....the tax has got to be paid......but where's the money coming from?

https://uk.finance.yahoo.com/news/eni-e-buy-algeria-fields-131401701.html

No one posted it...
https://www.upstreamonline.com/field-development/morocco-gas-player-fires-up-farm-out-process/2-1-1277126

A pitty this deal didn't go through..
https://www.sharesmagazine.co.uk/shares/share/ANGS

Depends on who's version you read..

https://www.thejournal.ie/ireland-dependent-uk-gas-supply-2026-5848908-Aug2022/

Expect some sp movement by the time Santa arrives.

'This is a major industrial project in Morocco and the local interest comes as no surprise, with the parties now seeking to negotiate binding terms for the phase 2 senior debt before the end of October.'

Nigeria gas is too expensive...
https://www.sunnewsonline.com/russia-ukraine-crisis-eu-dumps-nigerias-gas-supply-deal/

'''They seem to be basing their judgements on HMRC'

Sound is Registered in England and Operates under the 2006 Company's Act.......

'The Moroccan Tax Administration sought to justify this tax claim asserting a so-called acquisition of intangible assets from SEMS by SEME.'

So let me see if I've got this right....The Moroccan Government are trying to create a 'Tangible Asset', ie hard cash, out of an 'Intangible Asset' ie, Non Physical Asset.......(In my book...that borders on an elusive magicians trick, ie, creating money out of thin air...The last person I know of who tried that trick was Robert Maxwell))

I just hope that the tax issue doesn't hang over this share like a 'Damacles Sword'

I doubt hat CO2 will be of any concern.
https://www.reuters.com/markets/commodities/eu-drafts-plan-label-gas-nuclear-investments-green-2022-01-01/

'....and like most cannot understand why we have good news and the share price drop....'

Sometimes it's because a large order has been placed...and needs to be filled.

Surely shareholders would be interested in the company's current position with respect to the civil works and future planned events, these are not price sensitive items yet would be more than welcomed by investors, knowing that the two year production target gets shorter by the day.

If the Civils are ahead of programme....then It'll not be a ' complete waste of time'...

News on the way?

Finals ..Friday?
https://uk.advfn.com/stock-market/london/sound-energy-SOU/share-news/Sound-Energy-PLC-Final-Results/85163717

Related item..
https://www.msn.com/en-gb/money/other/energy-bill-relief-for-millions-of-brits-as-octopus-invests-in-huge-moroccan-solar-farm/ar-AAXbHdl?li=AAnZ9Ug